Q Technology (01478.HK) Continuous improvement in the structure of mid-to-high-end Camera Modules July 21, 2021 127

PSR Recommendation: ACCUMULATE Status: Initiation
Target Price: HKD HKD20.12

Investment Summary
Q Technology (1478.HK) was found in 2007 and was listed on the main board of the Hong
Kong Stock Exchange in 2014. The company is a global leading mid-to-high end camera and
fingerprint recognition module manufacturer for intelligent mobile terminals, such as global
smart phones and table PC brands, Internet of Things (IoT), smart vehicles, etc. The company
is one of the first few manufacturers in the PRC to use chip on board (COB) and chip on flex
(COF) technologies and molding on board (MOB) and molding on chip (MOC) technologies in
the manufacture of camera modules. At present, the company continues to focus on mid-tohigh end camera module products, and its main customers are Vivo, OPPO, Huawei and
Xiaomi.

About the author

Profile photo of Samuel Sung

Samuel Sung
Analyst
Research

宋承軒先生 (Samuel Sung) 分析師 宋承軒先生本科畢業於香港科技大學數學系,以優異成績畢業於英國紐卡素大學獲取國際金融分析碩士學位。宋先生現為輝立証券持牌分析師,主要覆蓋TMT行業。 Samuel Sung graduated from Hong Kong University of Science and Technology with BSc in Mathematics and obtained Master’s Degree with distinction in International Financial Analysis from Newcastle University. Samuel is currently a licensed research analyst at Phillip Securities and covers the TMT sector.

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